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International Technidyne Corporation Acquired by Warburg Pincus
Date:11/4/2010

process in July 2009 and the subsequent merger with HX Diagnostics in September 2009. The combined company will continue to seek attractive acquisition and business development opportunities in the global POC market.

About ITC

ITC is a world leader in the fields of hemostasis management and POC testing with over 40 years of knowledge and experience.  ITC develops, manufactures, and markets products in six distinct categories: Hemochron® POC coagulation testing instruments and reagents; IRMA TruPoint® Blood Analysis System for blood gas and electrolyte testing; Avoximeter® CO-Oximetry devices and cuvettes; skin incision products including Tenderfoot®, Tenderlett® and Surgicutt®; HgbPro® Professional Hemoglobin Testing System; and ProTime® Microcoagulation System for monitoring the clotting activity in blood in patients on anticoagulant therapy.  For more product information, go to www.itcmed.com.

About Nexus Dx

Nexus Dx was formed in 2009 by Bay City Capital to take advantage of current and emerging market opportunities in POC diagnostics by consolidating products and technologies to create a company dedicated to improving patient outcomes and healthcare economics via decentralized blood diagnostic testing.  Nexus Dx is led by Jim Merselis, President and CEO, and Ed Brennan, Ph.D., Chief Integration Officer; both have over 30 years of experience in the healthcare industry and were formerly CEO and Chairman, respectively, of HemoSense, Inc. (AMEX: HEM) sold in November 2007 to Inverness Medical Innovations (now Alere) for $265 million. Nexus is backed by an investor syndicate consisting of Bay City Capital, Kleiner Perkins Caufield & Byers, and Prolog Ventures. Nexus Dx was advised in the transaction by Inverness Advisors. For more information, go to www.nexus-dx.com.


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SOURCE International Technidyne Corporation (ITC)
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